Real Estate Development Manager

POSITION SUMMARY  

Within the Alterra Mtn Co Real Estate team, we design and develop the built environment, which enables the Company to deliver the most compelling outdoor adventure experiences imaginable. Always focused on driving growth and revenue for our resorts, our innovative and unique world-class development practices fuse entertainment, sustainability, and placemaking to deliver new standards in the industry.  

The Development Manager (DM) will manage the establishment and execution of Deer Valley Snow Park Village under the direction of the Project Director. The DM must own, understand and be responsible for the commercial outcomes of the project as it relates to the DM’s role. 

KEY RESPONSIBLITIES: 

• Working with the Project Director establish and implement the projects development business plan 

• Working with the Project Director formulate and finalize the Final Development Brief for the project, and if required, for each stage, in line with the project business plan 

• Support the Project Director and Resort staff to obtain master plan approvals. The DM will maintain or obtain amendments as required throughout the project 

• Maintain focus throughout project development and execution on the financial parameters of the project (both quantum and quality of returns) to ensure targets are achieved or exceeded 

• Assist the Project Director to continue to monitor the project through to completion 

• Management of consultant appointments, design development, design, costing, programming, staging, approvals and delivery of the infrastructure, and remediation aspects of the project   

• Managing the works within the scope contemplated within the Master Plan, Commercial Assessment and budget 

• Administration of governance management and reporting 

• Negotiation and finalization of agreements with respect to project charges or works 

CORE CAPABILITIES 

• Sound understanding of resort development or mixed-use property development fundamentals. 

• Strong understanding of project feasibility analysis 

• Strong communication skills 

• Ability to undertake and analyze strategic and targeted research 

• Ability to manage costs including forecasting and provisioning 

• Demonstrate a strong understanding of planning and authority approval processes and issues and demonstrate a proven ability to work with authorities to achieve project objectives 

• Sound understanding of brand value and place creation 

• Strong focus on profit creation but this must be balanced with a passion for creating great places and desirable built form outcomes for our customers 

• Disciplined in planning and monitoring 

• Customer service oriented 

• Demonstrate a track record in developing a high standard of quality for all work produced 

• Sound understanding of resort development, masterplanned or mixed-use property development fundamentals. 

Responsibilities & Duties 

Product Definition 

• Assist with develop of and maintain the Project Business Plan and Final Development Brief 

• Finalize the Product Control Document, if required 

• Assist the VP-Design and Development Operations in the selecting, briefing and engagement of the balance of the design consultants 

• Assist Development Operations to manage design development process via regularly scheduled coordination meetings and design workshops  

• Assist the project marketing and other stakeholders in concept proposition development and testing (including the place proposition) 

• Manage the development process in accordance with Investment Committee Operating Processes 

Financial Management 

• Take ownership of the commercial implications of all relevant aspects of the project 

• Responsible for managing and achieving the cost plan, including preparation of forecasts and progress reports and identifying opportunities for value engineering and cost saving 

• Responsible for managing and achieving all cost budgets, including maintenance of a cost control system 

• Approve invoices and orders within prescribed limits of authority and liaise with the Project Accountant regarding accounts payable and reporting issues 

• Prepare inputs for the Commercial Assessment (model managed by Development Analyst).  

• Approval of purchase orders for final signoff by the Project Director  

Approvals 

• As needed support Resort Staff and VP- Entitlements in liaison with the local authority (officers and councilors) and State Government departments 

• Review, submit, and track approvals for all necessary approvals including where relevant planning applications, contractual approvals and other required approvals 

• Successfully manage all authority approvals in accordance with program timelines 

• Manage project coordination meetings with stakeholders 

Construction Interface & Management 

• Support Development Operations in obtaining a Budget Price and proposed methodology from the Contractor for the Infrastructure and Public Domain.  

• Work with Development Operations throughout the feasibility product creation phase 

Title Creation 

• Select, brief and engage the title consultants 

• Oversee the title creation process including engagement of title consultants, coordination meetings, application processes and authority liaison 

• Oversee creation of HOA’s, any CC&R as project needs 

Planning Entitlements 

• Be highly conversant with Resort as part of local planning processes in general and particularly the relevant planning schemes 

• Work with the Project Director and Resort staff to prepare and lodge the master plan and village Development Plan and engage in meetings and correspondence thereafter to support the application 

• Establish controls that track detailed requirements for various approvals, e.g. a Development Agreement Conditions Tracking Register 

General Development, Commercial & Administration  

• Prepare and maintain a Development Program 

• Prepare and maintain the inputs for the Commercial Assessment  

• Liaise with the Finance Manager regarding accounts payable and reporting issues 

• Approve invoices and orders within prescribed limits of authority 

• Prepare and present reports for Board Meetings, Project Review Group, Joint Venture meetings, Quarterly Project Reviews and the like 

• Maintain controls in a timely manner so as to be able to report with clarity on the status of costs, revenues, sales and construction progress  

• Track and ensure the return of bonds lodged with Authorities. Report status of bonds to the Finance Manager 

• Undertake other duties as required to facilitate in the delivery of the project 

QUALIFICATIONS 

Education:

• Bachelor's degree in the fields of Real Estate Development, Urban Planning, Finance, Engineering, Architecture, Project/Construction Management, Business or related field. 

Experience: 

• Minimum 5 years development management experience in resort, masterplan or mixed-use development 

• Project Management experience is essential 

• Proven track record of successful mixed-use development projects 

• Strong financial modeling skills and understanding of investment structures 

Skills: 

• Sound understanding of property industry fundamentals 

• Sound understanding of project feasibility analysis 

• Strong communication skills 

• Ability to undertake and analyze strategic and targeted research 

• Ability to manage costs including forecasting and provisioning 

• Show a strong understanding of planning and authority approval processes and issues and demonstrate a proven ability to work with authorities to achieve project objectives 

Personal Attributes: 

• Passion for mountain resort development and a commitment to sustainability 

• Highly motivated and keen to learn  

• Encourages both external and internal teamwork and collaboration. Involves stakeholders, experts & other teams to achieve desired outcomes 

• Ability to analyze all relevant information & identify innovative and effective solutions to problems. 

• Ability to consider the key business drivers of the project & the organization, in decision-making, understanding the implications of decisions and actions 

• Strong relationship building skills and the ability to effectively influence and motivate others 

• Strong negotiation skills 

• Disciplined in planning and monitoring  

• Customer service oriented 

• Demonstrate a track record in developing a high standard of quality, for all works 

• Ability to thrive in a dynamic, collaborative environment